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5.6 Analysis of Financial Statements—CBSE XII

Solved Questions

Illustration 1.
From the following Statement of Profit & Loss, prepare Comparative Statement of
Profit & Loss of Exe Ltd.:
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations 33,00,000 30,00,000
Other Income 60,000 60,000
Total 33,60,000 30,60,000
II. Expenses
Purchases of Stock-in-Trade 24,00,000 23,00,000
Change in Inventories of Stock-in-Trade 1,20,000 1,00,000
Employees Benefit Expenses 90,000 70,000
Finance Costs 60,000 60,000
Other Expenses 90,000 80,000
Total Expenses 27,60,000 26,10,000
Profit (I – II) 6,00,000 4,50,000
Tax is payable @ 30%

Solution: Exe Ltd.
COMPARATIVE STATEMENT OF PROFIT & LOSS
for the years ended 31st March, 2023 and 2024
Particulars Note 31st March, 31st March, Absolute Change Percentage Change
No. 2023 2024 (Increase or (Increase or
` ` Decrease) (`) Decrease) (%)
I. Revenue from Operations 30,00,000 33,00,000 3,00,000 10.00
II. Other Income 60,000 60,000 ... ...
III. Total Revenue (I + II) 30,60,000 33,60,000 3,00,000 9.80
IV. Expenses
(a) Purchases of Stock-in-Trade 23,00,000 24,00,000 1,00,000 4.35
(b) Change in Inventories of
Stock-in-Trade 1,00,000 1,20,000 20,000 20.00
(c) Employees Benefit Expenses 70,000 90,000 20,000 28.57
(d) Finance Costs 60,000 60,000 ... ...
(e) Other Expenses 80,000 90,000 10,000 12.50
Total Expenses 26,10,000 27,60,000 1,50,000 5.75
V. Profit before Tax (III – IV) 4,50,000 6,00,000 1,50,000 33.33
Less: Income Tax 1,35,000 1,80,000 45,000 33.33
VI. Profit after Tax 3,15,000 4,20,000 1,05,000 33.33
Illustration 2.
From the following Statement of Profit & Loss of Moontrack Ltd., for the years ended 31st
March, 2011 and 2012, prepare Comparative Statement of Profit & Loss:
Particulars Note No. 2011–12 (`) 2010–11 (`)
Revenue from Operations 40,00,000 24,00,000
Other Income 24,00,000 18,00,000
Expenses 16,00,000 14,00,000
(Outside Delhi 2013)